Which one of the following receives the highest priority in the distribution of assets under a bankruptcy proceeding?
A) Employee wages.
B) Government taxes.
C) Consumer claims.
D) Administrative expenses related to the bankruptcy.
E) contributions to employee retirement plans

Question

Quizplus · Accepted Answer

Administrative expenses related to the bankruptcy receive the highest priority in the distribution of assets during a bankruptcy proceeding to ensure that the costs of managing and finalizing the bankruptcy are covered.

Which One of the Following Receives the Highest Priority in the Distribution